Bloomberg Hon Hai Precision Industry Co, Apple Inc’s main iPhone production partner, said its factories worldwide are coordinating with authorities in carrying out virus protection and are preparing safety measures with the approval of local governments. “Our group hasn’t received any client requests to move production resumption earlier,†the company, also known as Foxconn, said in a statement. Operating schedules ...
Read More »
Bloomberg India and Sri Lanka agreed on Saturday to strengthen cooperation to combat terrorism and boost trade and investment. “India has been a trusted partner in Sri Lanka’s development,†Prime Minister Narendra Modi said a joint briefing after meeting Sri Lankan Prime Minister Mahinda Rajapaksa in New Delhi. New lines of credits announced in November will deepen development and cooperation, ...
Read More »
Bloomberg Secretary of State Michael Pompeo delivered a tough warning about China in a speech to US governors, urging caution in business dealings as Beijing looks for ways to exploit US vulnerabilities and expands repression at home. He had a pointed message for certain US state pension funds that may be investing in ways that help China’s government crack down ...
Read More »
Bloomberg UK Prime Minister Boris Johnson plans to announce a boost in infrastructure spending focused on northern England, seeking to make good on campaign pledges made before he led his Conservatives to a landslide victory in December’s general election. The programme will include 40 million pounds ($52 million) for 5G wireless networks in rural areas and investment in mass transit, ...
Read More »
DUBAI / WAM Expo 2020 Dubai announced that it will host the 5th edition of the Aqdar World Summit, an international event organised annually under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, by the Khalifa Empowerment Programme – Aqdar. The announcement was ...
Read More »
DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and the Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, attended the signing of two agreements between Expo 2020 Dubai and the Ministries ...
Read More »
ABU DHABI / WAM Abu Dhabi Ports, the master developer, operator and manager of the emirate’s commercial and community ports on Saturday, announced plans to design and construct a new cruise jetty at Sir Bani Yas Cruise Beach, off the coast of Abu Dhabi. The AED 100 million (€24.5 million) new jetty project will be completed in Q4 2020, in ...
Read More »
ABU DHABI / WAM After another successful year for tourism in Abu Dhabi, which saw a 5% year-over-year increase of American visitors, the country’s capital made a compelling case at this year’s New York Times Travel Show about why American visitors should make 2020 the year they visit Abu Dhabi. Abu Dhabi’s participation in the travel show was organised by ...
Read More »
Bloomberg Passengers stuck on a cruise ship being quarantined in Hong Kong are beginning to worry that lax controls on the boat and a lack of information puts them at risk of being exposed to the deadly coronavirus. “We are in quarantine, but everyone is still walking around,†Edgar Chan, 28, said using WhatsApp. The software engineer, his sister and ...
Read More »
Bloomberg Vodafone Group Plc and Cairn Energy Plc are eligible to settle a tax dispute with India’s government under a new amnesty programme, a senior government official said. The companies will need to pay their taxes by March to benefit from the interest and penalty waivers under the programme, Pramod Chandra Mody, chairman of the Central Board of Direct Taxes, ...
Read More »
The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.